Category Archives: News
11Jun

Midway Village Shopping Center Sells for $6.2 Million

SAN DIEGO – Sunset Waste Holdings LLC recently purchased the 29,718-square-foot Midway Village Shopping Center for $6.2 million. The buyer was represented by Kyle Clark, senior director at The Heritage Group. The seller, Pacifica Woodside LP, was represented by Reg Kobzi and Joel Wilson of CBRE. “The new owner is a local resident with ties to the local community,” Clark said. “The center has historically enjoyed strong occupancy. It is the best strip center in the area in terms of design, location and tenant mix. The number of restaurant uses is a unique aspect that provides a consistent draw for …

11Jun

Civilian Leases 5,348-Square-Foot Space on Historic Decatur Road

SAN DIEGO – Civilian, Inc. recently signed a five-year, $1.001 million lease for a 5,348-square-foot space at 2468 Historic Decatur Road in Liberty Station. Civilian, formerly AdEase, is a full-service marketing organization. Kyle Clark, senior director at The Heritage Group, represented Civilian in securing the lease. The owner of the property, McMillan NTC 905, LLC, was represented by Scott Kincaid of CBRE. “At the beginning of the year, Civilian changed their name to reflect their renewed approach to their business. Now they will have a state-of-the-art facility to complement that approach,” Clark said. This 36,009-square-foot office building is located on …

11Jun

Accumen Leases 1,201-Square-Foot Space on Alvarado Road in Central San Diego

SAN DIEGO – Accumen recently signed a five-year, $142,615 lease for a 1,201-square-foot space at the Alvarado Medical Plaza III in the College Area. Accumen operates medical lab draw stations and patient service centers in conjunction with Sharp Laboratory Services. Dan McCarthy and Kyle Clark, senior directors at The Heritage Group, represented Accumen in securing the lease at 6719 Alvarado Road, Suite 203. The owner of the property, Alvarado Road 6719, LLC, was represented by Voit Real Estate Services. “We were able to find Accumen the medical space they were looking for without compromising on a location that serves their …

11Jun

Oak Group Acquires Interplaza West for $5.25 Million

GOLDEN, Colo. – Oak Group LP has purchased the 13,865-square-foot Interplaza West shopping center at 16950 W. Colfax Ave. in Golden, Colo. for $5.25 million. Oak Group LP, a Los Angeles-based investment partnership, was advised by Mark Hoekstra, managing director of The Heritage Group, a San Diego-based commercial real estate and investment advisory firm. Jeffery Hallberg of Ascent Property Advisors represented James R. and Nancy W. Chiamulon in the sale of the property. “This is the latest transaction in the Heritage Group’s approach to restructure a portfolio of single-tenant net leases, taking advantage of a robust single-tenant market and selling …

11Jun

Club Pilates Leases 1,750-Square-Foot Space in Santee Town Center

SANTEE, Calif. – KT Fitt, LLC, dba Club Pilates, leased 1,750 square feet of space at the Santee Town Center. The five-year lease is valued at $163,100 and will begin on March 1. Kyle Clark, senior director at The Heritage Group, represented the owner in securing the lease and the tenant was represented by Bo Gibbons of Pacific Coast Commercial. Kiem Vu and Thanh-Nu Nguyen own the property. “This will be the third location operated by this particular Club Pilates franchisee,” Clark said. “This location offers direct access to Santee Trolley Square and the Santee Transit Station, providing trolley service …

27Mar

The Heritage Group Celebrates 10 Years

SAN DIEGO —The Heritage Group, a San Diego-based full-service commercial real estate and investment advisory firm, celebrates in 2015 its 10th anniversary of providing solution-driven strategies for owners, occupiers and investors in commercial real estate. Heritage is lead by managing directors Mark Hoekstra and Rocco Cortese. “Since inception of our firm, we have focused upon adding value for our clients, their properties, and the communities in which those properties are located. We’ve sustained during difficult economic times and continued to expand the breadth of our services,” Hoekstra said.” We look forward to the next 10 years and beyond as we …

15Dec

Heritage Capital Advisors Hosts Free Oil & Gas Webinar for Accredited Investors

Heritage Capital Advisors offers a monthly webinar series for accredited investors looking to learn about ways to diversify their portfolios. On December 4, 2013, Heritage will host guest speaker Gulf South Holdings Inc. to discuss how Developmental Oil Drilling Programs can potentially help reduce income taxes, provide monthly income and help diversify investors’ portfolios. The 30-minute webinar will begin at 11 a.m. PST, is free and open to accredited investors only. Please register online here. THIS WEBINAR IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY THE SECURITIES DESCRIBED THE OFFERING IS MADE ONLY BY …

15Dec

12,000 s.f. Automotive Property Sold in Excess of $2 Million

The Medford, Oregon property was both sold and subsequently leased by Hertz Car Sales SAN DIEGO, CA— A private investor recently acquired a 12,000 s.f. sales and automotive services property from West One Automotive, doing business as Hertz Car Sales. The property, located on 3.8 acres in Medford, Oregon was sold in a 1031 Exchange for $2,150,000. The space will remain occupied by Hertz Car Sales, which signed a 12-year lease following the property sale. The Heritage Group and Managing Partner Mark Hoekstra represented the buyer in locating a replacement property for their 1031 sale, which took place in November …

15Dec

Heritage Group Partners with Yammer Founder to Acquire Tech-Related Real Estate

Internet entrepreneur David Sacks extends reach into commercial real estate industry SAN DIEGO, CA— The Heritage Group has completed its first Joint Venture equity placement with David Sacks, founding CEO of Yammer, first Chief Operating Officer of PayPal, and an early investor in prominent tech companies to include Facebook, Twitter, Uber, Houzz and AirBnB. The close of escrow occurred at the end of 2013 and Heritage has since been retained to manage the investment on behalf of Sacks. The properties, formerly known as Old Pasadena Plaza, were purchased for $10.5 million and are expected to become part of an emerging …

15Dec

54 Unit Lakeside Apartment Building Sold to Local Investor

The Magnolia Terrace Apartments in Lakeside have been sold for $5 million SAN DIEGO, CA—The Heritage Group represented the Lomas Santa Fe Group in a recent 1031 Exchange transaction acquiring the Magnolia Terrace Apartments in Lakeside, California. The buyer, which has residential properties in Del Mar, Solana Beach and Escondido, will complete significant improvements to the interior and exterior of the 54-unit property to help enhance the quality of the community. The acquisition of Magnolia Terrace was the completion of a 1031 Exchange that required a highly leveraged new transaction. “Lomas Santa Fe had a lot of debt to replace …

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